Citi Successfully Completes Acquisition of Quilter

Citi
Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Major brand names under Citi's trademark red arc include Citibank, CitiFinancial, Primerica, Citi Smith Barney and Banamex. Additional information may be found at www.citigroup.com or www.citi.com.


	Printer Friendly Page		FOR IMMEDIATE RELEASE Citigroup Inc. (NYSE: C) March 01, 2007 Citi Successfully Completes Acquisition of Quilter London – Citi today announced that, it has successfully completed the 100% acquisition of Quilter from Morgan Stanley, following receipt of all required regulatory approvals. Quilter is one of the United Kingdom's most respected wealth advisory firms with over Ł5.8 billion of assets under management. The acquisition strengthens Citi's Global Wealth Management (GWM) presence in the United Kingdom, placing it among the top ten UK wealth managers in client assets. In addition, Marianne Hay, Ernest Boles, and Robert Stemmons have been appointed to the Board of Quilter Holdings Ltd. Quilter now becomes part of Citi's GWM platform in Europe, under the leadership of Marianne Hay, Chief Executive Officer of GWM Europe. Martin Baines, CEO of Quilter, will continue to manage that business within GWM, reporting to Ms. Hay and Mr. John Longley, Global Head of the international businesses of Citi Smith Barney. Quilter has over 18,000 clients and 300 staff located in 10 offices throughout the UK, Ireland and the Channel Islands. Its business model focuses on discretionary, fee-based wealth advisory services and complements Citi's current wealth management capabilities available through Citi Private Bank and Citi Smith Barney. # # # Citi Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Major brand names under Citi's trademark red arc include Citibank, CitiFinancial, Primerica, Citi Smith Barney and Banamex. Additional information may be found at www.citigroup.com or www.citi.com.